ItsNaviGrewal at 21:41, 1 July 2025

2025-07-01T21:41:08Z

New page

{{Short description|Electric power transmission company in India}}
{{Use dmy dates|date=June 2022}}
{{Use Indian English|date=June 2022}}
{{Infobox company
| name = Adani Energy Solutions Limited
| logo = Adani Energy Solution Logo Four Colour Wd.jpg
| caption =
| image =
| image_caption =
| type = [[Public company|Public]]
| traded_as = {{ubl|{{BSE|539254}}|{{NSE|ADANIENSOL}}}}
| ISIN = INE931S01010
| genre =
| fate =
| predecessor =
| successor =
| foundation = {{Start date|df=yes|2013|12|9}}
| founder = [[Gautam Adani]]
| defunct = 
| location_city = Shantigram, Khodiyar, [[Ahmedabad]]
| location_country = India
| location =
| locations =
| area_served =
| key_people = {{ubl|[[Gautam Adani]] <br> {{small|([[Chairman]])}}|Bimal Dayal <br> {{small|([[CEO]])}}<ref>{{cite web |title=Adani Transmission |work=The Wall Street Journal |url=https://www.wsj.com/market-data/quotes/IN/XBOM/539254?mod=searchresults_companyquotes }}</ref>}}
| industry = [[Electric utility]]
| products = [[Electric power transmission|Electricity transmission]] and [[Electricity distribution|distribution]]
| services =
| revenue = {{profit}} {{INRConvert|24447|c}}<ref name="fy">{{Cite web|url=https://www.bseindia.com/xml-data/corpfiling/AttachLive/19354121-3fe6-4edb-82ae-2e1f315f414e.pdf |title = Adani Transmission Ltd. Financials|work=bseindia.com}}</ref>
| revenue_year = FY 2024-25
| operating_income = {{profit}} {{INRConvert|7746|c}}<ref name="fy"/>
| income_year = FY 2024-25
| net_income = {{increase}} {{INRConvert|2427|c}}<ref name="fy"/>
| net_income_year = FY 2024-25
| assets = {{increase}} {{INRConvert|58579|c}}<ref name="fy"/>
| assets_year = 2024
| equity = {{increase}} {{INRConvert|13703|c}}<ref name="fy"/>
| equity_year = 2024
| num_employees = 4,959 (2024)
| parent = [[Adani Group]]
| divisions =
| subsid = Adani Electricity Mumbai Limited
| homepage = {{Official URL}}
| footnotes = <ref>{{Cite web |title=Adani Transmission Limited|url=https://reports.adani.com/Adani-Transmission-Limited-Annual-Report/mobile/index.html |access-date=2023-04-13 |website=[[Adani Group]]}}</ref>
| intl =
}}

'''Adani Energy Solutions Ltd''', formerly known as '''Adani Transmission Ltd''',<ref>{{cite news |title=Adani Transmission is now renamed to Adani Energy Solutions Ltd |url=https://www.livemint.com/companies/news/adani-transmission-is-now-renamed-to-adani-energy-solutions-ltd-11690464511096.html |access-date=26 September 2023 |work=Mint |date=27 July 2023 |language=en}}</ref> is an [[electric power transmission]] and [[electric power distribution|distribution]] company headquartered in [[Ahmedabad]].<ref name=":1">{{Cite news|title=Adani Transmission Ltd.|work=Business Standard India|url=https://www.business-standard.com/company/adani-transmissi-66273/information/company-history|access-date=2020-11-27}}</ref> As of April 2025, the company operates a cumulative transmission network of 26,696 circuit kilometers<ref>{{Cite web|title=Q4 Presentation|url=https://www.bseindia.com/xml-data/corpfiling/AttachLive/19354121-3fe6-4edb-82ae-2e1f315f414e.pdf|website=www.bseindia.com}}</ref> and is one of the largest private sector power transmission companies operating in India.<ref>{{Cite book |url=https://openknowledge.worldbank.org/bitstream/handle/10986/26842/LinkingUp.pdf?sequence=3&isAllowed=y |title=Linking Up: Public-Private Partnerships in Power Transmission in Africa |publisher=[[World Bank]] |year=2017 |location=Washington DC |pages=83}}</ref><ref>{{Cite web |date=17 December 2019 |title=Adani Transmission Receives LOI for Transmission Project in Maharashtra |url=https://www.saurenergy.com/solar-energy-news/adani-transmission-receives-loi-transmission-project-maharashtra |access-date=2020-11-27 |website=www.saurenergy.com}}</ref>

== History ==

Adani Transmission was founded by [[Gautam Adani]] in December 2015 after separating the decade-old transmission business from [[Adani Enterprises]].<ref name=":1" /> At the time of the founding, the company became the primary custodian for more than 3800 circuit kilometers of transmission lines originating from the [[Mundra Thermal Power Station]], connecting [[Mundra]]–[[Dehgam]], [[Mundra]]–Mohindergarh and [[Tirora]]–[[Warora]]. {{citation needed|date=June 2022}}

In July 2023, the company was renamed to Adani Energy Solutions<ref>{{Cite web |date=2023-07-27 |title=Adani Transmission renames itself as Adani Energy Solutions |url=https://www.moneycontrol.com/news/business/adani-transmission-renames-itself-as-adani-energy-solutions-11045241.html |access-date=2023-08-31 |website=Moneycontrol |language=en}}</ref> to better reflect its suite of products and services.<ref>{{Cite news |date=2023-08-01 |title=Anil Sardana on why Adani Transmission was renamed Adani Energy Solutions, expansion, capex plans & more |work=The Economic Times |url=https://economictimes.indiatimes.com/markets/expert-view/anil-sardana-on-why-adani-transmission-was-renamed-adani-energy-solutions-expansion-capex-plans-more/articleshow/102303383.cms?from=mdr |access-date=2023-08-31 |issn=0013-0389}}</ref>

=== Mergers and acquisitions ===
In 2015, ATL acquired three wholly owned subsidiaries of PFC Consulting, which itself is a subsidiary of [[Power Finance Corporation]] – the [[Chhattisgarh]]-WR transmission line, [[Sipat]] transmission line connecting with [[Sipat Thermal Power Station]] and [[Raipur]]-[[Rajnandgaon]]-[[Warora]] transmission line.<ref>{{Cite web|title=Adani Transmission acquires three subsidiaries from PFC Consulting|url=https://www.indiainfoline.com/article/capital-market-corporate-news/adani-transmission-acquires-three-subsidiaries-from-pfc-consulting-115112600268_1.html|access-date=2020-11-27|website=www.indiainfoline.com|language=en}}</ref>

In 2016, ATL further acquired the [[GMR Group]]'s transmission assets in the state of [[Rajasthan]] — the Maru Transmission Services Ltd (MTSL) and Aaravalli Transmission Services Ltd (ATSL).<ref>{{Cite web|last=Bureaus|title=Adani inks agreement to acquire stake in GMR Energy's transmission projects|url=https://www.thehindubusinessline.com/companies/adani-inks-agreement-to-acquire-stake-in-gmr-energys-transmission-projects/article8797892.ece|access-date=2020-11-27|website=@businessline|date=July 2016 |language=en}}</ref> In the same year, the company also acquired [[Reliance Infrastructure]]'s transmission assets of the Western Region System Strengthening Scheme (WRSSS).<ref>{{Cite web|title=Adani arm completes buy of RInfra's western region transmission assets|url=https://www.thehindubusinessline.com/companies/adani-arm-completes-buy-of-rinfras-western-region-transmission-assets/article9936371.ece|access-date=2020-11-27|website=@businessline|date=November 2017 |language=en}}</ref>

In December 2017, the company obtained a share purchase agreement (SPA) for the acquisition of the Mumbai Generation Transmission & Distribution (GTD) business from Reliance Infrastructure.<ref>{{Cite web|last=Dutta|first=Sanjay|date=22 December 2017|title=Reliance Energy: Adani acquires Mumbai business of debt-hit Reliance Energy for Rs 19,000 crore |url=https://timesofindia.indiatimes.com/business/india-business/adani-transmission-to-acquire-anil-ambanis-rel-energy-in-rs-18800-crore-deal/articleshow/62198086.cms|access-date=2020-11-27|website=The Times of India|language=en}}</ref><ref>{{Cite news|title=Adanis buy Reliance Infrastructure's Mumbai power business|work=The Economic Times|url=https://economictimes.indiatimes.com/industry/energy/power/adanis-buy-reliance-infrastructures-mumbai-power-business/articleshow/62200962.cms?from=mdr|access-date=2020-11-27}}</ref> In March 2018, the shareholders of Reliance Infrastructure approved the sale of its power business for Rs. 18,800 crore to Adani Transmission Limited.<ref>{{Cite news|title=Reliance Infra's sale of Mumbai power ops to Adani gets regulatory nod|url=https://economictimes.indiatimes.com/industry/energy/power/reliance-infras-sale-of-mumbai-power-ops-to-adani-gets-regulatory-nod/articleshow/64783483.cms?from=mdr%5D%5BR10-https://www.thehindubusinessline.com/companies/adani-set-to-acquire-reliance-energys-mumbai-power-biz/article24803238.ece|access-date=2020-11-27|website=The Economic Times| date=28 June 2018 | last1=Prasad | first1=Rachita }}</ref><ref>{{Cite news|title=Reliance Infrastructure to sell Mumbai power business to Adani Transmission for Rs 18,800 crore|work=The Economic Times|url=https://economictimes.indiatimes.com/industry/energy/power/reliance-infrastructure-to-sell-mumbai-power-business-to-adani-transmission-for-rs-18800-crore/articleshow/63129836.cms|access-date=2020-11-27}}</ref> This resulted in the founding of Adani Mumbai Electricity Limited, a 100% wholly owned subsidiary of ATL which currently serves more than 3 million consumers across a license area of approximately 400 square kilometers in the city of [[Mumbai]].<ref>{{Cite web|title=Adani takes over Reliance Infrastructure's Mumbai energy business for Rs 18,800 crore|url=https://www.newindianexpress.com/business/2018/aug/29/adani-takes-over-reliance-infrastructures-mumbai-energy-business-for-rs-18800-crore-1864600.html|access-date=2020-11-27|website=The New Indian Express|date=29 August 2018 }}</ref>

In February 2019, ATL acquired [[KEC International]]'s [[Bikaner]]-[[Sikar]] transmission asset in [[Rajasthan]].<ref>{{Cite news|last=Singh|first=Sarita C.|title=Adani Transmission completes acquisition of KEC International's project for Rs 228 crore|work=The Economic Times|url=https://economictimes.indiatimes.com/industry/energy/power/adani-transmission-completes-acquisition-of-kec-internationals-project-for-rs-228-crore/articleshow/67906178.cms?from=mdr|access-date=2020-11-27}}</ref><ref>{{Cite web|title=KEC International completes transmission asset sale to Adani for ₹227 crore|url=https://www.thehindubusinessline.com/companies/kec-international-completes-transmission-asset-sale-to-adani-for-227-crore/article26217721.ece|access-date=2020-11-27|website=@businessline|date=8 February 2019 |language=en}}</ref><ref>{{Cite web|last=PTI|date=2018-11-05|title=Adani arm to buy KEC International's power transmission unit|url=https://www.livemint.com/Companies/rzPJdXlW1gQn9UunvcSllJ/Adani-arm-to-buy-KEC-Internationals-power-transmission-unit.html|access-date=2020-11-27|website=mint|language=en}}</ref><ref>{{Cite news|last=Umarji|first=Vinay|date=2019-02-08|title=Adani closes KEC's Transmission asset acquisition deal, buys 100% stake|work=Business Standard India|url=https://www.business-standard.com/article/companies/adani-closes-kec-s-transmission-asset-acquisition-deal-buys-100-stake-119020801319_1.html|access-date=2020-11-27}}</ref> In September of the same year, the company acquired PFC Consulting's [[Bikaner]]-[[Khetri]] transmission project in Rajasthan.<ref>{{Cite web|title=Energy News Monitor {{!}} Volume XVI; Issue 16|url=https://www.orfonline.org/research/energy-news-monitor-55938/|access-date=2020-11-27|website=ORF|language=en-US}}</ref><ref>{{Cite web|last=www.ETEnergyworld.com|title=Adani Transmission acquires Bikaner-Khetri project in Rajasthan - ET EnergyWorld|url=https://energy.economictimes.indiatimes.com/news/power/adani-transmission-acquires-bikaner-khetri-project-in-rajasthan/71215202|access-date=2020-11-27|website=ETEnergyworld.com|language=en}}</ref><ref>{{Cite web|title=Adani Transmission acquires Bikaner-Khetri project in Rajasthan|url=https://www.moneycontrol.com/news/business/adani-transmission-acquires-bikaner-khetri-project-in-raj-4456591.html|access-date=2020-11-27|website=Moneycontrol}}</ref>

In July 2020, the company signed definitive agreements with Kalpataru Power Transmission (KPTL) for acquiring Alipurduar Transmission.<ref>{{Cite news|last=Pillay|first=Amritha|date=2020-07-06|title=Adani Transmission to buy Kalpataru's transmission asset for Rs 1,286 cr|work=Business Standard India|url=https://www.business-standard.com/article/companies/adani-transmission-to-buy-kalpataru-s-transmission-asset-for-rs-1-286-cr-120070600354_1.html|access-date=2020-11-27}}</ref><ref>{{Cite web|title=Adani Transmission inks pact with KPTL to buy Alipurduar Transmission|url=https://www.newindianexpress.com/business/2020/jul/06/adani-transmission-inks-pact-with-kptl-to-buy-alipurduar-transmission-2166039.html|access-date=2020-11-27|website=The New Indian Express|date=6 July 2020 }}</ref><ref name=":0">{{Cite news|date=2020-07-06|title=Adani Transmission to acquire Alipurduar Transmission from Kalpataru|language=en-IN|work=The Hindu|url=https://www.thehindu.com/business/Industry/adani-transmission-to-acquire-alipurduar-transmission-from-kalpataru/article31999839.ece|access-date=2020-11-27|issn=0971-751X}}</ref><ref>{{Cite web|last=PTI|title=Adani Transmission inks pact with Kalpataru Power to buy Alipurduar Transmission|url=https://www.thehindubusinessline.com/companies/adani-transmission-inks-pact-with-kalpataru-power-to-buy-alipurduar-transmission/article31999572.ece|access-date=2020-11-27|website=@businessline|date=6 July 2020 |language=en}}</ref> adding 650 circuit kilometers in its network from the state of [[Bihar]] and [[West Bengal]].<ref name=":2">{{Cite web|title=Adanis buy power asset in Bengal|url=https://www.telegraphindia.com/business/adanis-buy-power-asset-in-bengal/cid/1785566|access-date=2020-11-27|website=www.telegraphindia.com}}</ref>

In May 2024, the company announced its acquisition of Essar's Mahan-Sipat transmission assets for Rs. 1,900 crore through its wholly owned subsidiary Adani Transmission Step Two (ATST). This move will consolidate its presence in Central India with 4 operating assets of 3373 ckt km in the region <ref>{{Cite web|title=Adani Energy completes acquisition of Essar's Mahan-Sipat transmission assets for Rs 1,900 cr|url=https://www.moneycontrol.com/news/business/adani-energy-completes-acquisition-of-essars-mahan-sipat-transmission-assets-for-rs-1900-cr-12723451.html|access-date=2024-05-16|website=Moneycontrol|language=en}}</ref>

===Allegations of stock manipulation ===
In January 2023, [[Hindenburg Research]] published the findings of a two-year investigation claiming that Adani had engaged in [[market manipulation]] and accounting malpractices; Hindenburg also disclosed that it was holding [[Short (finance)|short positions]] on Adani Group companies.<ref name="report">{{cite web |url=https://hindenburgresearch.com/adani/ |title=Adani Group: How The World's 3rd Richest Man Is Pulling The Largest Con In Corporate History |date=January 24, 2023 |website=hindenburgresearch.com |publisher=[[Hindenburg Research]] |access-date=January 24, 2023 }}</ref><ref>{{cite news |last1=Thomas |first1=Chris |last2=Kalra |first2=Aditya |title=Hindenburg shorts India's Adani citing debt, accounting concerns; shares plunge |url=https://www.reuters.com/markets/asia/hindenburg-says-holds-short-positions-indias-adani-flags-risks-2023-01-25/ |access-date=25 January 2023 |work=[[Reuters]] |date=25 January 2023 |language=en}}</ref><ref>{{cite news |last1=Sorkin |first1=Andrew Ross |last2=Mattu |first2=Ravi |last3=Warner |first3=Bernhard |last4=Kessler |first4=Sarah |last5=de la Merced |first5=Michael J. |last6=Hirsch |first6=Lauren |last7=Livni |first7=Ephrat |title=A Short Seller Takes Aim at an Indian Corporate Giant |url=https://www.nytimes.com/2023/01/25/business/dealbook/short-seller-hindenburg-adani.html |access-date=25 January 2023 |work=[[The New York Times]] |date=25 January 2023}}</ref><ref>{{cite news |last1=Lockett |first1=Hudson |title=Adani shares take $10.8bn hit after Hindenburg bets against group |url=https://www.ft.com/content/4aedaaf9-9ee8-4334-945c-12ac08429d6a |access-date=25 January 2023 |work=[[Financial Times]] |date=25 January 2023}}</ref> Bonds and shares of companies associated with Adani experienced a decline in value after the accusations.<ref>{{cite news |last1=Lee |first1=Jihye |title=Adani shares fall as short seller firm Hindenburg announces short position |url=https://www.cnbc.com/2023/01/25/adani-group-hindenburg-short-position.html |access-date=25 January 2023 |work=[[CNBC]] |date=25 January 2023 |language=en}}</ref><ref>{{cite news |last1=Kay |first1=Chris |last2=Vishnoi |first2=Abhishek |last3=Joshi |first3=Ashutosh |title=Hindenburg Targets Asia's Richest Man, Triggering Adani Selloff |url=https://www.bloomberg.com/news/articles/2023-01-25/adani-group-stocks-drop-after-hindenburg-takes-short-position |access-date=25 January 2023 |work=[[Bloomberg News]] |date=25 January 2023 |language=en}}</ref> Adani denied the fraud allegations as unfounded and ill intentioned.<ref name="madhok-2023">
{{cite news
| last1 = Madhok | first1 = Diksha
| title = Asia's richest man slams short-seller's fraud claims as 'baseless' and 'malicious'
| date = 25 January 2023
| language = en
| work = CNN Business
| location = Atlanta, Georgia, USA
| url = https://www.cnn.com/2023/01/25/business/india-adani-shares-plunge-hindenburg-report-hnk-intl/index.html
| access-date = 25 January 2023
}}
</ref>

==References==
{{reflist|2}}

==External links ==
* {{Official website}}

{{Adani Group}}
{{Energy in India}}
{{Nifty 200 companies}}

[[Category:Converter stations]]
[[Category:Electric power transmission infrastructure in India]]
[[Category:Companies based in Ahmedabad]]
[[Category:Electric power transmission system operators in India]]
[[Category:Adani Group]]
[[Category:Utilities of India]]
[[Category:2015 establishments in Gujarat]]
[[Category:Indian companies established in 2015]]
[[Category:Energy companies established in 2015]]
[[Category:Companies listed on the National Stock Exchange of India]]
[[Category:Companies listed on the Bombay Stock Exchange]]

Adani Energy Solutions - Revision history

ItsNaviGrewal at 21:41, 1 July 2025